DBND vs. RAVI ETF Comparison

Comparison of DoubleLine Opportunistic Bond ETF (DBND) to FlexShares Ready Access Variable Income Fund (RAVI)

DBND

DoubleLine Opportunistic Bond ETF

DBND Description

Under normal circumstances, the Advisor intends to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. It may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P or Ba1 or lower by Moody?s or the equivalent by any other nationally recognized statistical rating organization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.77

Average Daily Volume

49,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.42

Average Daily Volume

70,772

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	DBND	RAVI
30 Days	-1.38%	0.33%
60 Days	-2.88%	0.65%
90 Days	-1.41%	1.28%
12 Months	7.11%	5.48%

13 Overlapping Holdings

Symbol	Grade	Weight in DBND	Weight in RAVI	Overlap
ABBV	F	0.61%	0.13%	0.13%
ARCC	A	0.35%	0.3%	0.3%
BA	F	0.35%	0.15%	0.15%
BAC	A	0.56%	0.57%	0.56%
BNS	A	0.68%	0.52%	0.52%
CCI	C	0.38%	0.49%	0.38%
CMCSA	B	0.38%	0.28%	0.28%
CVS	D	0.42%	0.16%	0.16%
GM	B	0.34%	0.1%	0.1%
GS	A	0.66%	0.26%	0.26%
JPM	A	0.62%	0.03%	0.03%
SO	C	0.36%	0.26%	0.26%
T	A	0.48%	0.3%	0.3%

DBND Overweight 40 Positions Relative to RAVI

Symbol	Grade	Weight
UPST	B	1.79%
COMM	D	0.77%
DLTR	F	0.59%
DFS	B	0.49%
BMO	B	0.38%
MAR	A	0.38%
OC	A	0.37%
NTAP	D	0.37%
KMI	A	0.35%
MO	A	0.34%
DKS	D	0.34%
SYY	B	0.33%
RPRX	F	0.32%
EXPE	A	0.3%
ORCL	A	0.3%
WTW	B	0.29%
HCA	F	0.29%
CCL	A	0.26%
AAL	B	0.19%
COTY	F	0.19%
PENN	C	0.19%
PFGC	B	0.19%
POST	D	0.18%
PK	D	0.18%
GFF	B	0.18%
MODV	D	0.18%
SPH	D	0.18%
UAL	A	0.18%
PCG	A	0.18%
NRG	B	0.17%
VSCO	A	0.17%
CHTR	B	0.17%
CACC	D	0.16%
UBER	F	0.16%
BALY	A	0.16%
SSP	F	0.16%
OMI	F	0.16%
OMF	A	0.16%
GPOR	A	0.16%
EXC	C	0.09%

DBND Underweight 88 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	D	-1.05%
OGS	A	-1.05%
OTIS	C	-0.95%
PYPL	A	-0.95%
KDP	F	-0.95%
DHR	F	-0.86%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
TSN	A	-0.7%
WM	B	-0.69%
CI	D	-0.67%
CM	A	-0.62%
GP	F	-0.59%
GILD	B	-0.59%
TFC	A	-0.59%
AIG	A	-0.57%
SJM	D	-0.57%
NEE	C	-0.57%
AZO	A	-0.52%
NVDA	B	-0.52%
D	C	-0.51%
BDX	F	-0.51%
TD	D	-0.51%
RY	C	-0.51%
SYK	A	-0.49%
AON	A	-0.46%
UNH	B	-0.43%
BMY	B	-0.43%
AMZN	B	-0.42%
SCHW	A	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	A	-0.39%
ETR	A	-0.38%
AEP	C	-0.38%
CVX	A	-0.33%
NDAQ	A	-0.31%
HSBC	A	-0.29%
CFG	A	-0.29%
MLM	B	-0.28%
DELL	B	-0.28%
DB	C	-0.28%
CP	F	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
CLX	A	-0.26%
LEN	D	-0.26%
ATHS	C	-0.26%
AL	A	-0.25%
C	A	-0.24%
CMS	C	-0.24%
FIS	A	-0.23%
MCHP	F	-0.22%
FITB	A	-0.22%
PPL	A	-0.22%
FOXA	B	-0.21%
NYC	C	-0.21%
CNP	A	-0.2%
SBUX	A	-0.18%
LUV	A	-0.18%
MKC	D	-0.17%
AEE	A	-0.17%
BHF	B	-0.17%
KEY	A	-0.16%
SEB	F	-0.16%
UBS	B	-0.16%
PSX	C	-0.16%
AZN	F	-0.15%
NWG	A	-0.15%
ICE	C	-0.15%
MUFG	A	-0.14%
MET	A	-0.13%
DHI	F	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
EFX	F	-0.1%
VZ	C	-0.1%
MDLZ	F	-0.09%
R	B	-0.08%
HRL	F	-0.07%
ROP	C	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	A	-0.06%
PCAR	B	-0.05%